Cash Back
No Annual Fee
CIBC Dividend Visa Card
CIBC
Current Welcome Offer
Get the reliable, everyday use card that earns you cash back on daily essentials for no annual fee.
Annual Fee
$0
Purchase APR
21.99%
Cash Adv. APR
22.99%
RateBuddy Verdict
The Good
- One of the few no-fee cards that allows for on-demand cash back redemption starting at just $10.
- Offers a solid 2% cash back rate on groceries with no annual fee.
- Low $15,000 household income requirement makes it highly accessible for students or newcomers.
The Trade-offs
- Base earn rate is low at 0.5% for all non-category purchases.
- Provides very minimal insurance coverage; lacks car rental, medical, and mobile device protection.
Rewards & Earnings
Groceries 2.00%
Dining & Takeout 1.00%
Gas & Transit 1.00%
Travel 1.00%
Base Rate 0.50%
Rewards Summary: Groceries: 2% cash back; Gas, EV, Transit, Dining & Recurring Bills: 1% cash back; CIBC by Expedia: 1% cash back; Base Earn: 0.5% unlimited cash back; Redemption: On-demand (min. $10).
- Groceries: 2.0%
- Gas, EV, Transportation, Dining & Recurring Payments: 1.0%
- CIBC by Expedia Travel: 1.0%
- All Other Purchases: 0.5%
Welcome Bonus Details
Get the reliable, everyday use card that earns you cash back on daily essentials for no annual fee.
Features & Benefits
No Annual Fee
No annual fee
Extended Warranty Insurance
Included
Purchase Security Insurance
Included
Additional Perks
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Insurance Coverage
Purchase Security: 90 days; Extended Warranty: +1 Year; Note: This card does not include Travel Medical, Trip Cancellation, or Car Rental insurance.
Rates & Fees Details
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $0 |
| Income Required | Household: $15,000 |